Yes or no . And this is a boom bust of the one business show you cant afford to miss. Boring watching things coming up. The developments in the field of covert 900. 00 treatment continue to roll if the f. D. A. Has approved a major anybody. Treatment. Thats straight ahead, plus markets are still on the move following positive vaccine news coming up, we analyzed the wave of stock stories and where this rally could lead. And later amazon is facing the hot seat in europe as the block has moved to open a new investigation into the ecommerce behemoth with a packed show today. So lets dive right in and we lead the program with the latest development in the treatment of copa 19 in the u. S. Food and Drug Administration on monday, authorized emergency use of eli lillys experiment, mental antibody treatment. Thats balm. Let me be about the f. D. A. Said the emergency use authorization was given based on Clinical Trials showing the drug reduced the need for hospitalization or emergency room visi
Drug reduced the need for hospitalization or emergency room visits and high risk. Tobit 1000 patients. Now the regulator added that it can be used now for treating patients over the age of 12 with mild to moderate symptoms, but cannot be used for patients who have been hospitalized due to cope. At 19, lilly is hoping to supply as many as 1000000 doses of the treatment in the 4th quarter of this year. Now the u. S. Government previously made an agreement with the drug maker for the early supply of the medication on the news. Lately stock was up as much as 4 percent throughout the day. And following the news that pfizer and biotech scope in 1000 vaccine candidate showed an efficacy of 90 percent, the European Commission will sign a deal to secure up to 300000000. 00 doses of the experimental drug. The president of the European Commission said they will authorize the deal on wednesday after quote, working tirelessly to secure doses of a potential vaccine. In the last months German Health
Good Tuesday Morning im Carl Quintanilla with jon fortt and Julia Boorstin apple is going to be the story of the hour. Their new event is just hours away expected to unveil the latest edition of the iphone, jon likely story of the week in my book. Thats where well start this morning. Joanna stern off the wall street journal joins us product reviewer extraordinary air. Its been a long time since we had an iphone event that wasnt focused primarily on camera and screen quality, i would argue. Maybe back to the iphone 10 where we got face id but this time it might be 5g taking center stage, right supposed to be it speed, speed, speed. That was the tease in the invite last week from apple i think its going to be in 5g, certainly. Processors, processors, processors every year. And i think also we hear a lot of speed in charging this morning it was a i believe it was last night, a Wireless Charging grid that will clip to the back of the new iphones magnetically clip. Should be able to charge
Further. We are joined this hour by finance minister. The other big story today, lawmakers in washington take aim at the power of big tech. Saystitrust investigation they are abusing their dominant status. Australia coming online. Lets turn to Sophie Kamaruddin in hong kong with a checkup on markets. A two day rise, we are seeing pressure come through for the benchmark while the aussie dollar is testing that 71 popl after forming a double early this october. We are seeing action in the bond space. The front end of the aussie curb slipping with the three year yield falling as much as four basis points earlier in the session. This after australias updated debt issuance coming in less than expected. I want to highlight bhp shares. We are seeing the stock fall as much as 2. 3 this morning. Tesla bhp in focus be at flipping the board to check in on futures, s p eminis under pressure. The yen trading study but theres upward pressure on the stimulus deadlock. We are watching iphone makers aft
Higher as well 20 points higher the nasdaq up about 100 points higher meanwhile, President Trump remaining at Walter Reed Medical Center entering his third day of treatment. He left to greet supporters from a distance inside his suv. White House Doctors say the president could return to the white house as early as today. Although others questioning conflicting comments around his health over the weekend. And all of this. Moment by moment throughout the weekend. He joins us this morning whats the latest. Good morning, andrew, we did not get a lot of clarity over the weekend. But meanwhile not providing Key Information here including when the president s last negative test was before thursday the White House Press secretary was asked about that yesterday heres what she said again, not giving a detailed read out of testing but safe to say the first positive test was upon return or at least after. The white house also initially suggested that it would provide numbers or details around how